MCQs: The Law of Demand, assuming other things to remain constant, establishes the relationship between:
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MCQs: Identify the factor which generally keeps the price-elasticity of demand for a commodity now:
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MCQs: Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price:
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MCQs: In the case of an inferior good, the income elasticity of demand is:
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MCQs: In respect of which of the following category of goods is consumer's surplus highest?
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MCQs: Total utility is maximum when:
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MCQs: If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to:
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MCQs: If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be:
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MCQs: In the case of a Giffen good, the demand curve will be:
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MCQs: The budget-line is also known as the:
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MCQs: Which one is not a assumption of the theory of demand based on analysis of indifference curves?
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MCQs: The elasticity of substitution between two perfect substitutions is:
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MCQs: The consumer is in equilibrium at a point where the budget line:
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MCQs: An indifference curve slopes down towards right since more of one commodity and less of another result in:
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MCQs: The Revealed Preference Theory deduces the inverse price-quantity relationship from:
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MCQs: Which of the following statements is incorrect?
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MCQs: Production is a function of:
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MCQs: An ISO-product curve slopes:
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MCQs: A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
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MCQs: The supply of a commodity refers to:
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